International law firm CMS has advised international food service and hospitality company, Delaware North, on the acquisition of Magicgoal Ltd, the owner of quick-service UK concepts Prime Burger, Rotisserie Chicken and Sandwich & Co.
Delaware North is a global leader in hospitality and food service, with annual revenues of over $3 billion in the sports, travel hospitality, restaurants and catering, parks, resorts, gaming, and specialty retail industries. In the UK, Delaware North operates food and beverage services at several high-profile sporting venues – including Wembley Stadium, Emirates Stadium and London Stadium – along with airport restaurants at Heathrow, London Luton, Glasgow and Edinburgh airports, among others. The acquisition of Magicgoal marks the start of its development of proprietary brands in the UK.
The CMS team advising Delaware North was led by Partner David Roberts and supported by Partner Graham Chase and Associates Dan Bomsztyk and Richard Taylor.
David Roberts comments: “We hope this is the first of many and a sign that up-and-coming brands are still attractive to larger, more mature businesses.”
Doug Tetley, CEO of Delaware UK adds: “It was good to get the deal away and always good to have the leading restaurant team from CMS on our side.”
CMS has one of the leading restaurant practices in the country led by corporate partners David Roberts and Nick Crosbie. Clients include premium restaurant groups such as D&D London, Hawksmoor, Hakkasan, casual dining groups such as Hard Rock Cafe, Daisy Green, Blacklock, Prezzo and Foxlow, chef-led businesses including Gordon Ramsay, Tom Aikens, Stevie Parle and Robin Gill as well as private equity investors including Hill Capital, Graphite Capital, Calculus Capital and Sun Capital.